Member Info for Padmaster

Drips galore Another drip for the committed to sigh into

Your 75p figure is well within reach in the near future, Italian, IMHO.

Yes Richy, no wonder NM mentions multiple exit points in the future for shareholders, along with a share price potential of many multiples of the current price.

Then there's all of the other tenements with talk of replicating many times the Cascabel world class, tier 1 discovery.

Fair comment Richy though I've always believed that the in ground value is likely to be higher and nearer the 5% figure based on size, rarity, grade, low mine set up costs etc.

I've read some articles which have in the ground value of discoveries at up to 10%.

This is what I came up with last month. GLA.

At least 1.5billion tonnes expected in updated MRE.

Say Cu equ is .75% and copper price £5200 per tonne.

1.5 billion x .75% = 11.25 million tonnes copper x £5200 = £58.5billion

Take off a bit for less than !00% recovery from the ore and its still massive. Updated MRE is still only scratching the surface.
I can easily see a major offering a couple of billion for Solg.
IMHO DYOR

Top 10 gold mining companies here. Newcrest is number 6.

http://www.mining.com/worlds-top-10-largest-gold-mining-companies-2017/

50she doesnt look as nervous as jason ward does when he does these presentations,but having said that when they are involved with a copper-gold explorer thats gonna be worth many billions of dollars in the not so distant future,i would be ruddy nervous.

Yes columbo, especially so because Jason Ward and Benn Whistler have 10 million share options awarded to them.

Jason must be relishing it - remember what he said recently:-

"a takeover would be "irresistible" once the right offer came along, possibly from a gold miner".

Great summary earthling.
It certainly is looking good. Not long to wait now before a re-rate, probably triggered by a bid from a major.
IMHO DYOR

Cheers Italian

I think it relates to 2016 capital raising - not relevant to now!

Look at this folks. I've found this in a search. I'm trying to get details. Don't know at the moment if its legitimate.

"press release with the following headline:SolGold is, as a result, in advanced negotiations for the potential TSX‐V‐listed Cornerstone Capital Resources,"

For new investors in Solg and as a reminder for LTH's, this article gives an excellent summary:-

https://resourceglobalnetwork.com/portfolio_page/solgold/

NM "We believe this (Southeast extension) zone has potential to double the size of the Alpala deposit."

Moran and Aguinaga targets alone provide the Cascabel system the potential to contain 10 billion tonnes of mineralised rock (Cu/Au orebody).

Merely scratching the surface - current MRE.

All IMHO DYOR

“Kill the beast! Cut his throat! Spill his blood!”

Very happy with NM's leadership of Solg.

https://www.weare121.com/121mininginvestment-hk/clients/solgold/

121 Question - "In a sentence, what do you think makes your company such a compelling investment?"

NM - "It is the biggest copper-gold discovery in decades."

In NM we trust. Ignore him at your peril.

I see that the National Bank report still refers to a PEA being published in H1 2018

The plan of arrangement to spinoff Cornerstone Exploration Inc. is proceeding in the ordinary course, pending TSXV approval. We previously estimated completion of the transaction by end of June, but it now looks like completion will occur in July 2018.

In an article dated today 27th June.

Lurker “I would have thought it very difficult 'to deliver a PEA “ Same here - prostate playing up.

Golden tickets when knowing the winning numbers in advance. Like taking candy from a baby. Or as Buffett said transferring money from the impatient to the patient. IMHO

Your right Columbo. Just as some of the LTH's here through patience have seen a substantial multibag, despite the best efforts of some in the past who made disparaging comments (ericeric), so with patience current holders and new investors should reap similar rewards. IMHO

Yep. The filter button is there for a reason.